Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Shampoo Water Direct labor. Standard Quantity 2 18 1.2 ounces gallons hour Standard Rate $0.30 per ounces $0.05 per gallons $11.00 per hour Standard Unit Cost During the month of July. Collin's employees gave 380 baths. The actual results were 740 ounces of shampoo used (cost of $259.00). 6,800 gallons of water used (cost of $544), and labor costs for 320 hours (cost of $3,840). Complete this question by entering your answers in the tabs below. Direct Material Price Varance Direct Material Quantity Variance $0.60 0.90 13.20 Required: 1. Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts, direct labor variances for the month of July. Required 1 Required 2 Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Shampoo Water
Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Shampoo Water Direct labor. Standard Quantity 2 18 1.2 ounces gallons hour Standard Rate $0.30 per ounces $0.05 per gallons $11.00 per hour Standard Unit Cost During the month of July. Collin's employees gave 380 baths. The actual results were 740 ounces of shampoo used (cost of $259.00). 6,800 gallons of water used (cost of $544), and labor costs for 320 hours (cost of $3,840). Complete this question by entering your answers in the tabs below. Direct Material Price Varance Direct Material Quantity Variance $0.60 0.90 13.20 Required: 1. Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts, direct labor variances for the month of July. Required 1 Required 2 Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Shampoo Water
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog
bath given:
Shampoo
Water
Direct labor
Standard Quantity
ounces
gallons
hour
2
18
1.2
Standard Rate
$0.30 per ounces
$0.05 per gallons
$11.00 per hour
During the month of July. Collin's employees gave 380 baths. The actual results were 740 ounces of shampoo used (cost of $259.00).
6,800 gallons of water used (cost of $544), and labor costs for 320 hours (cost of $3,840).
Complete this question by entering your answers in the tabs below.
Standard Unit
Cost
Required:
1. Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July.
2. Calculate Suds & Cuts, direct labor variances for the month of July.
Direct Material Price Variance
Direct Material Quantity Variance
$0.60
0.90
13.20
Required 1 Required 2
Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July.
Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by
selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance),
Shampoo
Water
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